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Xilinx CEO Moshe Gavrielov on the macroeconomic issues weighing on the technology sector.
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Talk to somebody whose products are in the backbone of the Internet site links makes blank slate programmable chip devices programmable chips.
That can be erased and reprogrammed to do something completely different their technology is everywhere from the Mars rover.
LTE networks to car navigation to as we -- the backbone of the Internet through which Google courses.
The site -- reported second quarter earnings after the bell yesterday down 2% from last year.
-- -- happy do includes Simons president and CEO motion got real love right now with us in this Fox Business exclusive well let me what did you think when you heard.
About Google saw the drop in the stock price and saw the reaction in essence to the NASDAQ where you are listed.
Well it's -- you live in exciting times this is an exciting time that two things that happened which are interest thing there one is they missed the quarter and that you know than this -- administrative slash.
Clerical snafu and both of these are interesting to watch how they react from -- perspective.
It doesn't really matter -- as the transition from.
Goes to -- -- we benefit from that because we have we're at the heart of the three G and fourteen netbooks to and so.
No we don't.
Really care as these transitions happened we benefit both they both ways.
Well you know as you look and see your business in general and by the way -- -- explain to people what you do you make these programmable chips which tend to be a little more expensive because they can be erased and reprogrammed to do something completely different.
How is the business you know your chief financial officer on the conference call had said that.
The macro economic conditions do still remain challenging we heard that from the CFO of Intel as well.
Where do you see the biggest weakness where do you see strength for your particular business.
Will.
-- a general leave macro issues and they tend to be world flying to.
In North America Europe and China.
You're seeing similar trends.
Such a terrific and I approved by the fiscal the pending fiscal cliff by the currency challenges in Europe or by the slowdown in China.
My expectation is that all three of these trends are going to get resolved over the next few months and then.
You know very.
Macro will recover may be note.
Won't be vibrant but will recover.
In 2013.
From -- perspective.
We -- this 20000.
Customers in every conceivable application -- and as we drove out to new generation of product 28 than me too which is -- generation ahead of the competition and we -- very excited that it's now starting to deploy -- And it's actually doubled in terms of revenue.
This -- quarter -- As compared to the previous.
I hope so yeah.
There's that -- part of the business you know you're you're also in the defense industry and we are facing this so called fiscal cliff where defense would be cut at least some of the spending -- concerned about that.
Only a minor -- because there will still need to be upgrades and if the financial cuts in India almost significant than the upgrades will have to use a programmable device -- and so we should benefit from that -- to -- so we it shouldn't have a major impact on -- -- Ask you about why way this is the Chinese company and you've had some to sit design wins and you've done some business with them and then suddenly as as you have heard of course some members of congress.
-- mostly Republicans our are up in arms about this company they feel that.
They made because of what they do we know high speed Internet network analysis -- type of business.
Might be spying on the US and we shouldn't do business with them where do you stand on that -- mean I know you do business with them I don't mean to put you at a weird position here but while -- in the new.
It -- yes.
What will we do business with all of the leading Telecom companies and all of the netbook communication companies that Americans the Europeans and the Chinese and Japanese and the Koreans -- the meant to so who ever ends up winning the business then.
We likely to.
To be part of -- that -- is you know.
You know this change is sometimes one company -- sometimes another cup he wins when you have a strong technology had been.
You hopefully have.
Have platforms with all of these players and hence these.
Political decisions don't really impacts us.
You do your business where you can up Russia it's great to see -- saying he's so much for joining us -- got real love.
The CEO of site links they make the programmable -- some -- she can just I mean.
-- and Smart people here thank you so much.
Thank you --
